Northwire Canada EditionThursday, October 15, 2026
Northwire
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Drill Results

ReconAfrica begins production testing at Kavango W well

RECO · Price

Executive Summary

  • ReconAfrica has commenced production testing operations at the Kavango West 1X discovery well in Namibia, with regulatory permits received and work crews on site.
  • Updated petrophysical analysis indicates an increase in hydrocarbon pay in the Huttenberg formation to 75 metres (246 feet) net pay, up from the previously disclosed 64 metres.
  • The company is reprocessing 3-D seismic data on the Ngulu block in Gabon and expects to select an appraisal location for the Loba discovery, with a third-party resource report expected by the end of 2026.

Key Details

  • Kavango West 1X Testing:
    • Production testing operations have commenced on schedule.
    • Regulatory permits for production testing have been received.
    • The production liner has arrived on site; contracts have been signed with Halliburton and Schlumberger for equipment and services.
    • Local suppliers have been engaged for support capacities.
  • Petrophysical Analysis Refinements:
    • Net hydrocarbon pay in the Huttenberg formation is now identified as 75 metres (246 feet), an increase from the prior disclosure of 64 metres (210 feet).
    • A total of 345 metres (1,132 feet) of prospective interval will be isolated and perforated for testing.
    • Testing will cover six optimized zones: three in the Huttenberg formation and three in the deeper Elandshoek formation.
  • Gabon (Ngulu Block) Update:
    • 3-D seismic data is currently being reprocessed over key areas, including the Loba discovery.
    • Upon completion of seismic reprocessing, an appraisal location on the Loba oil discovery will be selected.
    • A third-party resource report is expected by the end of 2026.
    • The Ngulu block covers 1,214 square kilometres (equivalent to 54 Gulf of Mexico blocks) in shallow water offshore central Gabon.
    • The block is located on trend to several sizable producing oil fields and contains over 28 seismically identified prospects in presalt and postsalt plays.

Notable Quotes

  • "Catalyst rich 2026."
Read the original news release →

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